Betting Odds – Wagering Against the Public, Does it Work?

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Came across another article recently that said the easiest way to make money against the sportsbooks football betting odds was wager against the public. Sounds easy right, but is it true?

This piece was well-written, but had the familiar refrain of how sharps make money year after year taking a contrarian position against the betting masses.  As an NFL football handicapper I cannot disagree with this thinking. However, if this were truly the pot of gold you read about in articles like this, not sure what the real difference between that and some guy coming out of nowhere in forums or on Facebook and claiming he has not had a losing season in 10 years.

Wagering Against the Public in the NFL Makes the Most Sense of All Sports

www.vegasproinsidersdaily.com
David Hedges swns.com

While there are a number of sports bettors having limited or lack complete knowledge about different sports, when it comes to the NFL, EVERYONE has an opinion. Too often those opinions are based on regional or team bias and are born out of sports talk radio, reading specific team sites or viewing too many hours of ESPN football shows or related venues.

While there are genuine nuggets to be found in any of these areas, it’s like the guy with metal detector walking at the beach or going through parks looking for coins. It can be time consuming to put a couple bucks in your pocket.

Because the NFL is a week to week sports, many times those placing sports picks will overvalue what they just saw from a particular team and base their opinion on recent events instead of a sample of work which is more reliable.

Being or becoming a contrarian can be profitable, but if you choose that direction for NFL picks, you have to be committed, because flipping back and forth can be even more costly.

Check the Masses Against the Number

There are a number of sportsbooks who showcase their NFL odds and line moves, plus, include the betting percentages. While this can be helpful, the amount dollars wagered would end up being more important. However, those are not available for public consumption, thus, you utilize the tools you have.

What to look for is say the first Sunday night game of the season, the New York Giants at Dallas. Most oddsmakers sent the Cowboys out -6, but many wagering outlets are now at -5.5. Let’s say this line were to move to -4.5, yet the Dallas has two-thirds or more of bets placed, that would be in theory an indication sharp money is on New York and be a good spot to bet against the Cowboys.

 

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